A freehold ground rent investment offered for sale producing an annual rental income of £2,200.00 per annum gross.
The property comprises 7 modern self-contained flats with 3 allocated car parking spaces and a large communal garden.
The 7 flats are held on a long leasehold basis each with a term of 125 years commencing in 2018.
The service charge budget year end 2019 has been set with the landlord collecting a total annual service charge income of £7,874.50 apportioned on a floor area basis between the 7 flats.
The landlord's managing agent manages the property at an annual charge of £2,083.33 per annum excluding VAT.
Buildings insurance which covers the annual cost for insuring the building, including terrorism cover has been placed at sum of £1,000.
Listed Features
- Parking
- Outdoor Space
